The project, set to be launched on 23 July, was open for registration a few months ago, and received good response from the market, he told reporters.
“Registrants are an indication of interest. While there is no guarantee whether they will buy or not, the interest is there. So far, we’ve generated about 7,500 registrants,” he said.
With an estimated gross development value (GDV) of RM832 million, Cerrado Residential Suites is located on a 9-acre parcel within Southville City. It will be completed by end of 2020.
Southville City is a township in Bangi, Selangor that spreads across 428 acres with an estimated total GDV of RM11.1 billion and comprising seven major phases.
Cerrado Residential Suites is a part of Savanna Executive Suites — which is almost fully sold — and caters for strong market demand, Bruyns added.
Seven out of eight towers in Savanna Executive Suites are fully sold since its maiden launch in Q4 2013 and construction for all eight blocks are in full swing with a target completion in 2018. It has an estimated total gross development value (GDV) of RM1.5 billion.
A total of 208 units of double-storey lifestyle retail shops located right below the 3,192 units of Savanna Executive Suites will be conveniently accessible via an elevator.
Subsequently, Avens Residence was launched in 2014 with a target completion in June 2017. It comprises 196 units of 2½-storey and 3-storey terraced homes and is 95 per cent sold since then.
“There are (now) more people looking for smaller and affordable (apartment) units, so we came up with Cerrado, which comprises units of 656 sq ft (2-bedrooms) and 825 sq ft (3-bedrooms),” he explained.
The selling price of most of the units are below RM500,000. For Bumiputera buyers, prices are RM360,000 onwards; and RM380,000 onwards for non-Bumiputera buyers. The maintenance fee is estimated at 30 cents psf.
The freehold Cerrado Residential Suites will offer 4 towers of residential suites. Each tower has 35 storeys and comprises 404 units and four lifts. Several duplex units of 1,260 sq ft will also be offered.
The project also offers 10 limited-edition large sized units of 1,860 sq ft (4-bedrooms and 3-baths), that comes with poolside cabana. The cabanas are likened to linked double-storey townhouses within the Cerrado enclave but separated from the four towers. It has two rows of five units each, and they reside on the facilities podium facing the swimming pool.
The total residence in the development is 1,626 units.
Planned common facilities include a sauna, gym, aqua gym, games room, lounge area at a residents' clubhouse, a 50m swimming pool, multi-purpose hall with a basketball court and barbecue pavilions. In line with its green theme, Cerrado will also have patios, yoga deck, reflexology path, a children’s playground, reflective ponds, aroma-peutic garden and garden terraces.
Interestingly, the towers of Cerrado are angled to face a 30-acre Urban Park.
The park is somewhat unusual as it is elevated with a road passing beneath it. On its peak is the 4ha Summit Park which will be completed next year. The park will be built phase-by-phase and will be fully completed by Phase 5 of the masterplan.
The Cerrado units will be partially furnished with a pantry comprising an induction cooker hob and hood, upper and lower kitchen cabinets, single bowl and drainer sink, air-conditioning units, water heaters and shower screens for all the bathrooms and security intercom.
Two parking bays are allocated for most of the units.
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The next launch in Southville City – Savanna Plaza – comprises more retail and food and beverage elements to elevate the overall livability of Southvile City.
The various parcels of the master-planned development will be further boosted when the direct interchange into Southville City is completed in 2017. This new interchange from the KL-Seremban Expressway, which costs RM130 million, will shorten the distance from Southville City to the Sungai Besi toll plaza, from 35km to 19km.
Apart from this entrance, the second entry into Southville City will be via the toll-free Jalan Kajang-Dengkil, which is also connected to Jalan Bangi Lama and will draw in crowds from around Semenyih, Kajang and Bangi.
Planned with the aim of being a sustainable township, Southville City features a broad programme mix consisting of commercial hubs and retail shops that cater for different retail markets; corporate and boutique office towers which serve various segments of the office markets; and gated-and-guarded stratified and landed residential, neighbourhood retail shops and township amenities.
The township’s masterplan also includes two primary schools, a secondary school, a private school, a clubhouse with bowling lanes as well as the lush 30-acre urban park.
Indeed, education will play an important role in Southville City. Mah Sing Group revealed in May 2016 that it was in talks with Universiti Kebangsaan Malaysia (UKM), whose 2,708-acre campus is already in the nearby vicinity, to set up a branch campus or a faculty of higher learning within Southville City.
In keeping with its lush green concept, Mah Sing Group is only developing 50 per cent of the 428 acres. The remaining land will be left in its natural green with landscaping facilities such as a river boardwalk and jungle trek.
In line with affordability issues, Mah Sing Group’s target is to have 89 per cent of its residential launches for this year to be priced below RM1 million.